National Tax-Exempt Money Market Fund

(redirected from National Tax-Free Money Market Fund)

National Tax-Exempt Money Market Fund

A mutual fund that invests predominantly or exclusively in municipal bonds with maturities of less than one year. Tax-exempt money market funds are intended to provide a return at little risk (compared to other investments) that is nonetheless better than the risk-free rate of return. Because it invests in municipal bonds, dividends from the fund are tax-free at the federal level (though they may be subject to state tax unless all bonds in the fund are issued in the state where the holder resides).
References in periodicals archive ?
Wells Fargo Advantage Fund: Moody's Rating S&P Rating -- Heritage Money Market Fund(SM) Aaa AAAm -- Prime Investment Money Market Fund Aaa AAAm -- Government Money Market Fund Aaa AAAm -- Treasury Plus Money Market Fund Aaa AAAm -- 100% Treasury Money Market Fund Aaa AAAm-G -- National Tax-Free Money Market Fund Aaa n/a
Wells Fargo Advantage National Tax-Free Money Market Fund at 'AAAmmf'.
As of July 2, 2012, Wells Fargo Advantage Municipal Cash Management Money Market Fund and Wells Fargo Advantage National Tax-Free Money Market Fund had approximately $2.
Wells Fargo Advantage Heritage Money Market Fund(SM) -- Wells Fargo Advantage Prime Investment Money Market Fund -- Wells Fargo Advantage Government Money Market Fund(5) -- Wells Fargo Advantage Treasury Plus Money Market Fund(5) -- Wells Fargo Advantage 100% Treasury Money Market Fund(5) -- Wells Fargo Advantage National Tax-Free Money Market Fund
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